World food prices decline for 12th consecutive month

It said that it was the first time the index had fallen for a full year.

FAO’s broad Food Price Index slipped to 2.1 per cent in March, and it is now down to 20.5 per cent since reaching its all-time peak one year ago after a big surge following the Russia-Ukraine conflict.

Grains and cereals, the largest component in the index, was down to 5.6 per cent compared to the previous month and down by 18.6 per cent over the last 12 months.

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